Please ensure Javascript is enabled for purposes of website accessibility International Dividend ADR Managed Account - Janus Henderson Investors - US Advisor
{{banner.link_text}}
For Financial Professionals in the US

International Dividend ADR Managed Account

International dividend income portfolio

Overview

About This Portfolio

The portfolio seeks to identify undervalued companies with long-term business goals that we believe positions them to generate robust profits and produce attractive levels of dividend income.

Our bottom-up, valuation-driven approach aims to invest in companies with strong profit streams, growing cash flows and dividend growth. With a diversified portfolio across sectors and regions, the fund provides US investors exposure to companies across international markets at valuations we find attractive.

Why Invest

INTERNATIONAL AND DIVIDEND EXPERTISE
Dividend-seeking and valuation-focused investors, with experienced sector and country knowledge across international markets.

IMPROVING BUSINESSES
Selective approach to value opportunities, disciplined approach to capital compounders. Aiming to generate an attractive total return.

ROBUST INVESTMENT PROCESS
Aims to focus on attractive long-term business prospects with strong cash flow generation, dividend growth and an intrinsic value not yet recognized by markets.

Portfolio Management

Ben Lofthouse, CFA: Head of Global Equity Income | Portfolio Manager
Ben Lofthouse, CFA

Head of Global Equity Income | Portfolio Manager

Industry since 1998. Joined Firm in 2004.

Faizan Baig, CFA: Portfolio Manager
Faizan Baig, CFA

Portfolio Manager

Industry since 2007. Joined Firm in 2015.

Performance

RETURNS (%) (As of 12/31/2025)
Composite Pure Gross Composite Net MSCI World ex-USA Index
 
3M YTD 1YR 3YR Since Inception
(12/01/2022)
Composite Pure Gross 4.98 31.00 31.00 19.65 18.17
Composite Net 4.21 27.26 27.26 16.21 14.77
MSCI World ex-USA Index 5.26 32.55 32.55 18.27 17.56

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

*Pure gross performance results do not reflect the deduction of any trading costs, fees or expenses and returns will be reduced by such advisory fee and other contractual expenses as described in the individual contract and Form ADV Part 2A. Pure gross returns are supplemental to net returns.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

RETURNS (%) (As of 01/31/2026)
Composite Pure Gross Composite Net MSCI World ex-USA Index
 
3M YTD 1YR 3YR Since Inception
(12/01/2022)
Composite Pure Gross 8.20 4.24 29.39 18.32 19.19
Composite Net 7.42 3.99 25.69 14.91 15.76
MSCI World ex-USA Index 9.04 4.73 32.23 16.99 18.77

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

*Pure gross performance results do not reflect the deduction of any trading costs, fees or expenses and returns will be reduced by such advisory fee and other contractual expenses as described in the individual contract and Form ADV Part 2A. Pure gross returns are supplemental to net returns.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

Calendar Year Returns (%)
Composite Pure Gross Composite Net MSCI World ex-USA Index
2025 2024 2023
Composite Pure Gross 31.00 9.24 19.72
Composite Net 27.26 6.07 16.28
MSCI World ex-USA Index 32.55 5.26 18.60

Past performance cannot guarantee future results. Investing involves risk, including the possible loss of principal and fluctuation of value. Returns greater than one year are annualized. Returns are expressed in U.S. dollars. All returns reflect the reinvestment of dividends and other earnings.

*Pure gross performance results do not reflect the deduction of any trading costs, fees or expenses and returns will be reduced by such advisory fee and other contractual expenses as described in the individual contract and Form ADV Part 2A. Pure gross returns are supplemental to net returns.

Net returns are calculated by subtracting the highest applicable Managed Account fee (3.00% annually, or 0.25% monthly) from the pure gross or gross composite return. The Managed Account fee includes all charges for trading costs, portfolio management, custody and other administrative fees. Actual fees may vary depending on, among other things, the applicable fee schedule and portfolio size. The fees are available on request and may be found in Form ADV Part 2A.

Returns-Based Statistics (As of 02/28/2026)

RISK / REWARD
VS. MSCI WORLD EX US U$ - TOT RETURN IND		 3YR 5YR
Information Ratio 0.30 -
Alpha 2.85 -
Tracking Error 4.19 -
Beta 0.88 -
R-squared (%) 86.53 -
UP/DOWN MARKET CAPTURE (%)
MSCI WORLD EX US U$ - TOT RETURN IND		 3YR 5YR
Up Capture Ratio 100.02 -
Down Capture Ratio 89.10 -
STANDARD DEVIATION 3YR 5YR
International Dividend ADR Managed Account 11.04 -
MSCI WORLD EX US U$ - TOT RETURN IND 11.66 -
SHARPE RATIO 3YR 5YR
International Dividend ADR Managed Account 1.41 -
MSCI WORLD EX US U$ - TOT RETURN IND 1.21 -

Portfolio

Top Holdings (As of 02/28/2026)
% of Fund
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR 4.18
Micron Technology, Inc. 3.50
Schneider Electric SE Unsponsored ADR 3.48
Unilever PLC Sponsored ADR 3.24
Compagnie Financiere Richemont SA Unsponsored ADR 3.10
Roche Holding Ltd Sponsored ADR 3.09
AIA Group Limited Sponsored ADR 3.02
Nordea Bank Abp Sponsored ADR 2.99
Tokyo Electron Ltd Unsponsored ADR 2.89
RELX PLC Sponsored ADR 2.84
TOTAL -
View full holdings
Portfolio Characteristics (As of )
  REP ACCOUNT INDEX
Number of Holdings
Equity Issues		 775
Market Capitalization
Weighted Average		 - $102.73B
Portfolio Turnover Rate
(1-year trailing)		 - -
Price/Earnings Ratio
(1-year forward)		 - 16.47
Price/Book Ratio
 - 2.37
Earnings Growth Rate
(1-year forward)		 - 14.06%
Sector Allocation % of Fund % of Fund As of 02/28/2026
Regional Allocation % of Fund % of Index % of Fund % of Index As of 02/28/2026
Country/Geographic Exposures % of Fund % of Fund As of 02/28/2026
Market Capitalization Range of Equity Holdings % of Fund % of Index % of Fund % of Index As of 02/28/2026

Documents

Related Insights

Differentiated insights are central to our investment approach.

Enjoy the party, but watch out for the hangover
Feb 5, 2026
Timely & Topical

Enjoy the party, but watch out for the hangover

Discover why portfolio structure, not bubble timing, determines resilience. Learn how equity income strategies help investors capture AI-driven growth while reducing volatility and protecting capital during downturns.

Read More

Global Equity Income outlook: Why international markets outperformed — and what comes next in 2026
Feb 4, 2026
Timely & Topical

Global Equity Income outlook: Why international markets outperformed — and what comes next in 2026

International markets surprised in 2025, outperforming the US as AI investment broadened, consumers proved resilient, and diversification paid off. Insights on opportunities and dividends in 2026.

Read More

Look beyond Silicon Valley: International markets gain from US concentration concerns
Nov 7, 2025
Timely & Topical

Look beyond Silicon Valley: International markets gain from US concentration concerns

Investors concerned about high concentration in US stocks should look elsewhere to achieve better portfolio diversification.

Read More

Choose region

Country

Language

What type of investor are you?